Nexus Industrial REIT (TSE:NXR.UN) Given New C$7.50 Price Target at TD Securities

Nexus Industrial REIT (TSE:NXR.UN) had its price objective decreased by TD Securities from C$8.00 to C$7.50 in a report released on Wednesday, BayStreet.CA reports.

NXR.UN has been the topic of several other research reports. Laurentian set a C$10.00 price objective on Nexus Industrial REIT and gave the stock a buy rating in a report on Monday, January 22nd. BMO Capital Markets dropped their price target on shares of Nexus Industrial REIT from C$8.50 to C$8.00 in a research report on Monday, March 25th. Raymond James lifted their price objective on Nexus Industrial REIT from C$9.25 to C$9.75 and gave the company an outperform rating in a report on Monday, January 8th. National Bankshares decreased their price objective on Nexus Industrial REIT from C$8.75 to C$8.50 in a report on Friday, March 15th. Finally, CIBC decreased their price objective on Nexus Industrial REIT from C$10.50 to C$9.75 in a report on Friday, March 15th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus price target of C$8.61.

Nexus Industrial REIT Stock Performance

Shares of TSE NXR.UN opened at C$7.06 on Wednesday. The company has a quick ratio of 0.12, a current ratio of 0.36 and a debt-to-equity ratio of 139.77. The business’s 50 day moving average is C$7.55 and its two-hundred day moving average is C$7.59. The company has a market cap of C$485.45 million, a P/E ratio of 3.03 and a beta of 1.45. Nexus Industrial REIT has a 12 month low of C$6.08 and a 12 month high of C$9.97.

Nexus Industrial REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th will be issued a dividend of $0.0533 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.64 dividend on an annualized basis and a yield of 9.06%. Nexus Industrial REIT’s dividend payout ratio is 27.47%.

Nexus Industrial REIT Company Profile

Nexus is a growth oriented real estate investment trust focused on increasing unitholder value through the acquisition, ownership and management of industrial, office and retail properties located in primary and secondary markets in North America. The REIT currently owns a portfolio of 73 properties comprising approximately 4.1 million square feet of rentable area.